Bill · H.R. 8472· House(119-HR-8472)
Support for Ownership and Investment in Land Act of 2026
- Introduced
- 4/23/2026
- Last activity
- 4/23/2026 — Referred to the House Committee on Agriculture.
- Sponsored by
- Don Bacon
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, titled the ``Support for Ownership and Investment in Land Act of 2026'', aims to create a pilot program at the Department of Agriculture. The program focuses on establishing an expedited process for qualifying and approving certain farm ownership loans. This includes both direct farm ownership loans and guaranteed loans serviced by a Preferred Certified Lender for creditworthy borrowers. The Secretary is tasked with considering ways to streamline specific determinations and assessments. The Secretary must also report on the program's results to relevant Congressional committees annually. The authority for this pilot program is set to end on September 30, 2031.
Yes· 3 of 9
Would farmers be better off under this?+4
The bill specifically aims to expedite the qualification and approval process for farm ownership loans.
Would business owners be better off under this?+3
The expedited process reduces administrative hurdles for prospective farm owners and business operators.
Does this make it easier to run a small business?+3
The bill streamlines the loan approval process for individuals seeking to own and operate farms.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Faster Loan Processing: The bill establishes an expedited qualification and approval process for borrowers seeking direct farm ownership loans or guaranteed farm ownership loans serviced by a Preferred Certified Lender (Section 2(a)).
-
Streamlined Determinations: The Secretary is directed to consider streamlining the process for making specific determinations and assessments required for these loans (Section 2(b)).
Potential Negative Impacts for People
- Limited Scope of Changes: The bill specifies that the new process shall not be interpreted to authorize the waiver or modification of any requirement, other than an application process timing requirement (Section 2(c)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Farmers+4Good For Business Owners+3Good For Rural Residents+2Good For Middle Class Households+1
- Economy And Finance
- Improves Small Business Support+3Increases Job Creation+2
- Environment Energy And Infrastructure
- Improves Rural Development+3
- Governance And Ideology
- Improves Government Transparency+1
- Social Issues And Justice
- Improves Affordable Housing+1
- 4/23/2026
- Referred to the House Committee on Agriculture.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.